Near 1000 Pip Dip Expected
The EURUSD has been pushing bullish for a while now. On the Weekly chart, we see that the market has been in a down swing that started on July 17, 2023. The market dipped to form a low at 1.0446, following which it began to retrace bullish on October 4.
Since October until now, the market has gone through a bullish retracement. Upon seeing the retracement, we were able to find and mark our order block and refine it to the expected reversal zone.
Last week saw prices come into our zone and push away in a bid to commence the reversal. If this perspective holds, this pair is expected to dip all the way down to take out the liquidity target at 1.4663 and push beyond it.
This down extension push is expected to give us a push in excess of 700 pips and can push as far as 1000 pips and more.
Since October until now, the market has gone through a bullish retracement. Upon seeing the retracement, we were able to find and mark our order block and refine it to the expected reversal zone.
Last week saw prices come into our zone and push away in a bid to commence the reversal. If this perspective holds, this pair is expected to dip all the way down to take out the liquidity target at 1.4663 and push beyond it.
This down extension push is expected to give us a push in excess of 700 pips and can push as far as 1000 pips and more.
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